The MCX currently launches June & July 2018 option contracts in crude oil, with one MCX crude oil futures contract of 100 barrel, as the underlying. The option contract’s lot size is similar as the underlying crude oil futures contract at 100 barrels.

The new options contract together with the popular crude oil and crude mini futures of ten barrel contracts will benefit the crude oil stakeholders, and is available for trading on the Exchange from 10:00 am to 11:30 pm/ 11:55 pm. It enables the stakeholders to hedge against adverse price movements in the global crude oil markets.

MCX presently makes facility to trade only in gold options and launched market making in options to enhance liquidity. The contract has been designed to shelter stakeholders from market uncertainties, as per MCX.

In the meantime, Shares of Multi Commodity Exchange of India Limited was trading in NSE at Rs.788.60 (at 11.30 AM) as compared to the previous close of Rs. 783.95. The stock hit an intraday high of Rs. 794.50 and intraday low of 777.00 in trade during the time.